702 8TH Street Allentown City, PA 18103

TURN-KEY INVESTMENT OPPORTUNITY in sought-after Downtown location. This 4-unit property has been fully-renovated from top to bottom, inside & out with nothing left to do but produce positive cashflow. Consisting of TWO 2-bed, 1-bath units that are renovated with new kitchens, baths, and brand new HV...AC systems, another BRAND NEW 2-bed, 1-bath unit approx 1300+/- sq ft ready for occupancy, PLUS approx 1800+ sq ft lower level with 2 outside entrances for owner use/storage, or create additional cashflow. Current rents are $1,250/m(long term tenant), $1,500/m, & $2,000/m(projected), totaling $57,000/y gross income with NOI over $41,000/year, without including the entire lower level!! Recent updates throughout the building include: New Vinyl Facade, New Vinyl Windows throughout, New Decks, New Kitchens w/ Granite Tops, New HVAC units(all heat pumps w/ A/C), New Baths, Brand New 4 Meter Gang Electric Service. Truly a unique property that will not disappoint, don't miss out, schedule today! Continue reading